Auto Warranty Companies Fight For Your Business
car warranty - The world of auto warranty companies is actually a fiercely competitive one. There are a limited variety of cars on the streets - granted, there are millions of them, and all of them, at some time or still, has or enjoyed a warranty - though with the large number of companies fighting for the business of those drivers, this means that each and every car owner is the target of some very hungry sales reps.
This can be quite a daunting position to be in for a car owner. Whether you are purchasing a new car from the dealership, or purchasing a used car, there will be people trying to sell you their warranty services.
Within the dealership, you might come across a pushy sales person that will try everything they could to obtain to sign on for the extended warranty whenever you help make your initial purchase. There are advantages to buying during that time, including obtaining the costs of the warranty rolled up to the financing for that car, and knowing that your dealership will continue to be the spot to have any repairs or replacements done. However these comforts could end up costing you hundreds or thousands of dollars in the end. Sales agents make large commissions on warranties, so they're eager to get you to enroll in one. If you sought out your own quotes from third-party extended warranty providers, but the price that is rolled into the financing will likely be a lot higher than it would. Granted, you will need to pay more up-front with those third-party companies, as opposed to adding a tiny number in your monthly car payment bills. But it would likely save you money.
But simply as not every car sales representative is out to rip you off, not all third-party providers are excellent guys, either. The terms and conditions of the warranties they offer, although there are some risky ventures out there, so a wise shopper will compare not only the prices offered by these vendors. If a company won't let you review the warranty before you buy, don't waste your time or money - it's likely a scam, or just a really bad set of terms that will tie you to some big costs further down the road. Auto warranty companies will fight to gain you as a client, so use that in your favor. Make a price comparison, examine all of the terms of the warranties offered, and tell the companies you talk to “hey, cause me to the most effective offer.” Someone else will if they can't.